RTHAX Alternatives & Similar Mutual Funds

Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RTHAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to RTHAX

RTHAX charges 0.89% annually. There are 39 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.11%.

Symbol	Name	Expense Ratio	AUM	Inception
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	RTHAX vs BATEX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	RTHAX vs EWHYX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	RTHAX vs HIMFX
AHMFX	American High-Income Municipal Bond Fund Class F-2	0.42%	—	Aug 2008	RTHAX vs AHMFX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	0.50%	—	Jun 2015	RTHAX vs SDHIX

Best Risk-Adjusted Alternatives to RTHAX

RTHAX has a PortfoliosLab risk / return rank of 60. There are 29 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 91.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	91	—	Feb 1985	RTHAX vs PRFHX
ISHYX	Invesco Short Duration High Yield Municipal Fund	88	—	Sep 2015	RTHAX vs ISHYX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	86	—	Apr 1987	RTHAX vs FHTFX
SRHMX	Columbia High Yield Municipal Fund	79	—	Mar 1984	RTHAX vs SRHMX
HIMFX	American High-Income Municipal Bond Fund Class F-3	79	—	Jan 2017	RTHAX vs HIMFX

Top Performing RTHAX Alternatives (YTD)

RTHAX is at 2.46% YTD. There are 22 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 3.35%.

Symbol	Name	YTD Return	AUM	Inception
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	3.35%	—	May 2007	RTHAX vs EWHYX
NMZ	Nuveen Municipal High Income Opportunity Fund	3.29%	—	Nov 2003	RTHAX vs NMZ
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	3.20%	—	Jun 2016	RTHAX vs NHMFX
NHMRX	Nuveen High Yield Municipal Bond Fund	3.18%	—	Jun 1999	RTHAX vs NHMRX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	3.09%	—	Jun 1999	RTHAX vs NHMAX

Lowest Volatility Alternatives to RTHAX

RTHAX has 2.89% 1-year volatility. There are 7 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 1.97%.

Symbol	Name	Volatility 1Y	AUM	Inception
RWMIX	Redwood Managed Municipal Income Fund	1.97%	—	Mar 2017	RTHAX vs RWMIX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.07%	—	Jun 2015	RTHAX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.25%	—	Jan 2013	RTHAX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.31%	—	Sep 2015	RTHAX vs ISHYX
TMNIX	Counterpoint Tactical Municipal Fund	2.53%	—	Jun 2018	RTHAX vs TMNIX

Lowest Drawdown Alternatives to RTHAX

RTHAX has a 1-year max drawdown of -2.74%. There are 13 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.80%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.80%	—	Jan 2013	RTHAX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	RTHAX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	RTHAX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	RTHAX vs SDHIX
TMNIX	Counterpoint Tactical Municipal Fund	-2.26%	—	Jun 2018	RTHAX vs TMNIX

Other Mutual Funds from Russell

The 10 most viewed Russell mutual funds shown here include REBYX, RLVSX, RGEAX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
REBYX	Russell Investments U.S. Small Cap Equity Fund	Small Cap Blend Equities	64	17.23%	—	Mar 2000	RTHAX vs REBYX
RLVSX	Russell Investments Tax-Exempt Bond Fund	Municipal Bonds	78	1.53%	—	Sep 1985	RTHAX vs RLVSX
RGEAX	Russell Investments Global Equity Fund	Global Equities	53	9.73%	—	Feb 2007	RTHAX vs RGEAX
RGIYX	Russell Investments Global Infrastructure Fund	Energy Equities	29	8.53%	—	Sep 2010	RTHAX vs RGIYX
RINYX	Russell Investments International Developed Market...	Foreign Large Cap Equities	23	7.44%	—	Mar 2000	RTHAX vs RINYX
RSEAX	Russell Investments U.S. Strategic Equity Fund	Large Cap Blend Equities	52	9.71%	—	Aug 2012	RTHAX vs RSEAX
RTDYX	Russell Investments Multifactor U.S. Equity Fund	Large Cap Blend Equities	75	12.13%	—	Jul 2014	RTHAX vs RTDYX
RMYYX	Russell Investments Multi-Strategy Income Fund	Diversified Portfolio	62	4.53%	—	Apr 2015	RTHAX vs RMYYX
RFAYX	Russell Investments Investment Grade Bond Fund	Intermediate Core Bond	27	0.38%	—	Mar 2000	RTHAX vs RFAYX
RALVX	Russell Investments LifePoints Growth Strategy Fun...	Diversified Portfolio	64	9.67%	—	Mar 1998	RTHAX vs RALVX

Often Compared With RTHAX

Investors most often compare RTHAX with AMHIX, SHYTX, DHMBX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	76	2.23%	—	Sep 1994	RTHAX vs AMHIX
SHYTX	DWS Strategic High Yield Tax	High Yield Muni	59	1.89%	—	Jan 1987	RTHAX vs SHYTX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	62	3.03%	—	Sep 2005	RTHAX vs DHMBX
REAYX	Russell Investments Equity Income Fund	Large Cap Value Equities	70	11.30%	—	Mar 2000	RTHAX vs REAYX
FQTHX	Franklin Templeton SMACS: Series H	High Yield Muni	75	2.99%	—	Jun 2019	RTHAX vs FQTHX
CXHYX	Delaware National High-Yield Municipal Bond Fund	High Yield Muni	31	2.60%	—	Sep 1986	RTHAX vs CXHYX
PRHAX	PGIM Muni High Income Fund	High Yield Muni	62	2.52%	—	Jan 1990	RTHAX vs PRHAX
NMHIX	Neuberger Berman Municipal High Income Fund	High Yield Muni	49	0.48%	—	Jun 2015	RTHAX vs NMHIX
RELVX	Russell Investments LifePoints Equity Growth Strat...	Diversified Portfolio	64	10.83%	—	Mar 1998	RTHAX vs RELVX
ABTYX	AB High Income Municipal Portfolio	High Yield Muni	51	2.23%	—	Jan 2010	RTHAX vs ABTYX
MISHX	AB Municipal Income Shares	High Yield Muni	69	2.13%	—	Aug 2010	RTHAX vs MISHX
ETHYX	Eaton Vance High Yield Municipal Income Fund	High Yield Muni	74	2.92%	—	Aug 1995	RTHAX vs ETHYX
STMYX	Sierra Tactical Municipal Fund	High Yield Muni	55	1.82%	—	Dec 2018	RTHAX vs STMYX
MMHYX	MFS Municipal High Income Fund	High Yield Muni	72	2.66%	—	Feb 1984	RTHAX vs MMHYX
PHMIX	PIMCO High Yield Municipal Bond Fund	High Yield Muni	61	2.42%	—	Jul 2006	RTHAX vs PHMIX
NSIOX	Nuveen Strategic Municipal Opportunities Fund	High Yield Muni	51	1.63%	—	Dec 2014	RTHAX vs NSIOX
THYIX	Transamerica High Yield Muni	High Yield Muni	62	2.46%	—	Jul 2013	RTHAX vs THYIX
FVCAX	Franklin California High Yield Municipal Fund Advi...	High Yield Muni	71	2.26%	—	May 1993	RTHAX vs FVCAX
HIMYX	Pioneer High Income Municipal Fund	High Yield Muni	7	1.88%	—	Oct 2006	RTHAX vs HIMYX
GWMEX	AMG GW&K Municipal Enhanced Yield Fund	High Yield Muni	54	2.18%	—	Dec 2005	RTHAX vs GWMEX

Compare RTHAX with Any Fund or Stock

Compare RTHAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair RTHAX with funds that move differently

Russell Investments Tax-Exempt High Yield Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RTHAX.

Explore RTHAX Diversifiers

Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) Alternatives